WorksheetsAdvanced: Day 3 - Forex & Brokers ( from Swap )
Total questions: 10
Worksheet time: 5mins
What is the broker type of Exness?
Market maker, non-dealing desk, offering ECN in VC
ECN, non-dealing desk, offering Market Makers
Market maker, dealing desk
ECN, dealing desk
Who are the liquidity providers for Market Maker accounts at Exness?
Big European banks
FXCMPro, CFH, Hotspot
Big American banks
No disclosure
Advantages of Market Maker?
Unlimited liquidity
Ability to provide better prices
Lower starting requirements (deposit, leverage)
Currency price movements can be less volatile (compared to ECN)
How do Market Makers minimize the risks for themselves?
Hedging > Margin
Matching > Hedging
Offsetting > Matching
Only Hedging
What is ECN?
an electronic system for organizing and executing transactions
a network of traders on the Interbank market
a network of banks on the market to execute transactions
a system for placing orders with brokers
Commission for ECN accounts?
$25 for order opening & closing
$50 for order opening & closing
1 mil USD TV ( 1 side)
1 mil USD TV ( 2 sides)
Swap-free accounts for which countries?
Muslim countries, detected with phone no.
Any country, detected with phone no.
Muslim countries, detected with email
Muslim countries, detected with documents
How do we apply STP in our company?
as an execution method in ECN accounts
as a type of broker in ECN accounts
as an platform for ECN accounts
as a network in ECN accounts
For energies and indices, swap is triple charged when?
Wednesday
Tuesday
Thursday
Friday
Swap is calculated in which currency?
Account currency
Quote currency
Base currency
in USD
